“You need three basic things to make a DeFi application work, and we provide all of them: 1. liquidity/money in the protocol, 2. software that sends the transactions and runs the blockchain, and 3. computers to run it on, in our case specialized hardware that is designed for this use,” Cassatt said. “Taken together, this is a ‘full-stack’ infrastructure since it works and operates at these layers in a vertically integrated way.”